Shiba Inu (SHIB) experiences a massive 258% surge in large transaction volumes over the past 24 hours, indicating heightened whale activity. While this increase in large transactions could signal a potential price movement, SHIB's price has only marginally risen. The market awaits further developments to understand the catalysts driving this whale activity and its potential impact on SHIB's price.
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We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Shiba Inu is seeing a significant increase in whale moves, with large transaction volumes up 258% in the last 24 hours, according to data from IntoTheBlock. This spike in activity is drawing attention, leaving the market to speculate on the potential catalysts that might be driving increased interest among whales. Shiba Inu has reported 6.42 trillion SHIB in large transaction volumes, or $175 million in monetary terms, representing a 258% surge in the last 24 hours. A spike in large transaction volume suggests increased whale activity, either buying or selling. Large transactions refer to amounts exceeding $100,000 and represent moves by large holders, referred to as whales, or institutional players. Despite the substantial increase in large transaction volume, Shiba Inu's price has risen only marginally, up 0.27% in the last 24 hours to $0.000027. This shows that, while the increase in whale activity is significant, it has not yet translated into a major price move. This minor price movement amid increased transaction volumes could indicate a period of consolidation, where the market is absorbing increased activity before potentially making a more significant move. The increase in whale activity could indicate preparations for larger market moves or accumulation by large holders. Whales might be positioning themselves for a potential price rise, buying at its current price levels before a broader market move
SHIB Whale Activity Shiba Inu Crypto Market Price Movement
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